If mortgage is not debt then why are people being foreclosed?
What a ridiculous argument from the not-debt guys.
We get it that you can invest your house equity etc, but that is not the point here. You are still playing with borrowed money. We get it that you can have a net worth in excess of your mortgage. Still, you have debt until you don’t owe money to anyone.
Rent versus own? Who’s to say that you have to rent? You buy a house and pay it off. That way you have an option other than having debt (mortgage) or renting.
I realize that paying a house off is a foreign concept these days (thanks to the financial gurus and their get rich schemes), but that’s what the idea is. Buy a house so you can own it someday. If you treat the mortgage like debt then you will most likely get there. That’s how people used to do it.
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